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Professional Liability Minimum Rates Lowered

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Willis Insurance, in coordination with national underwriter CNA Insurance, has announced a major reduction in the minimum premium for the only professional liability insurance policy designed specifically for the secure shredding industry.

Like all professional liability insurance policies, premiums for the CNA product designed for NAID Members are based on a combination of company size (annual sales) and policy deductible level.

Effective mid-February, CNA lowered the minimum annual premium on the NAID policy from $3,000 to $2,500 for $1,000,000 limit of liability. CNA also lowered the $500,000 coverage and $250,000 coverage to minimum annual premiums of $2,000 and $1,700 respectively.

For more information on the CNA professional liability created for NAID Member-companies, please contact Brett Benton of Willis of Arizona at brett.benton@willis.com

Willis of Arizona will also be exhibiting at the 2005 NAID Conference in Booth #97.